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Petrol Price in New Delhi (22nd April 2018)

Petrol prices in Delhi are now changing everyday, as against every 15 days before. We are providing daily petrol price rates, so you can check the same on goodreturns.in

Petrol Price in New Delhi Today (Applicable from 6 am)

Last 10 Days Petrol Rate in New Delhi

Date Price Price Change
Apr 20, 2018 ₹ 74.08 ₹ 0.01
Apr 19, 2018 ₹ 74.07 ₹ 0.05
Apr 18, 2018 ₹ 74.02 ₹ 0.00
Apr 17, 2018 ₹ 74.02 ₹ 0.00
Apr 16, 2018 ₹ 74.02 ₹ 0.04
Apr 15, 2018 ₹ 73.98 ₹ 0.05
Apr 14, 2018 ₹ 73.93 ₹ 0.02
Apr 13, 2018 ₹ 73.91 ₹ -0.03
Apr 12, 2018 ₹ 73.94 ₹ -0.04
Apr 11, 2018 ₹ 73.98 ₹ 0.00

Daily & Monthly Petrol Price in New Delhi : Graphical Representation

Historical Petrol Price in New Delhi

  • Trend of Petrol Rate in New Delhi, March 2018
  • Petrol Price
    1 st March Rs.71.57
    31st March Rs.73.55
    Highest rate in March Rs.73.55 on March 26
    Lowest Rate in March Rs.71.57 on March 1
    Over all performance Rising
    % Change +2.69%
  • Trend of Petrol Rate in New Delhi, February 2018
  • Trend of Petrol Rate in New Delhi, January 2018
  • Trend of Petrol Rate in New Delhi, December 2017
  • Trend of Petrol Rate in New Delhi, November 2017
  • Trend of Petrol Rate in New Delhi, October 2017

The advantage of doing that is you know when to fill petrol and make maximum use of falling petrol prices. In any case Delhi petrol rates are much lower then some of the other cities in India. It also sets the trend for an increase or decrease in rates in various other cities of India. The rates would be largely determined by the largest oil marketing companies in India, that is Indian Oil, Bharat Petrolem and Hindustan Petroleum. You would do well to check the rates given the fact that if you fill same about 30 to 40 litres petrol you could tend to lose a lot. Now that petrol prices in Delhi have been dergulated like many other cities in the country.

How are petrol prices in Delhi determined?

Petrol rates in Delhi largely depend on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. There is also an India crude basket, which largely determines the prices of Petrol in Delhi. It is always advisable to check the petrol prices, if you are planning to fill your automobile to the brim. A small change in rates can be mean a lot when you have larger volumes of diesel or petrol to fill. Diesel prices in Delhi also more or less move in a smilar way.

Increasing trend in the last few days

Lately, we have been seeing an increasing trend of petrol prices rallying in several cities. In fact, in places like Delhi they have now hit the Rs 72 per litre mark. This has happened as international prices of crude have gone higher and there is every possibility that there could be a further increase in prices.

The government has in the past cut the excise on petrol to make-up for the huge gains seen in the prices of petrol. However, any such cuts in the excise tends to impact the government's fiscal deficit.

If the trend of an increase in Delhi prices of petrol today continues, we may soon realize that rates have now hit a three year high and this is not good news for any government.

An urgent cut in the prices of the fuel is needed to be implemented by the government at the earliest.

How petrol prices are influenced in Delhi?

Todays petrol prices in New Delhi are a result of a host of a factors that influence rates. Among these include world prices of the fuel. At the moment Brent Crude prices are trading at $64. When these prices go higher, the India crude basket goes higher, which in turn alters the daily price of petrol in Delhi. A similar thing can be seen as far as diesel is concerned. 

It is hence a good idea to check prices of the fuel before leaving your home. For the last few days there has been a declining trend at the retail level. Once petrol and diesel prices are bought under the ambit of the Goods and Services Tax, we may see these prices declining in the coming days. In the meantime, we would have to continue to pay the desired sum and wait for a fall in todays petrol rates in New Delhi. 

 

 

Petrol prices up marginally

Petrol prices in New Delhi were up 6 paise, as global prices of crude firmed. The Indian crude basket was also up, which led to retail prices of petrol rising. 

It is the first time in many days, we are seeing petrol prices rising by almost 6 paise. It is likely that towards the weekend we may see some selling pressure that could emerge, which may bring down the prices of the fuel. 

In line with the prices of petrol charges by IOC in New Delhi, Shell petrol price in New Delhi also saw an increase. Generally, if IOC increases the rates of petrol, we see other retailers also increasing the same. This is because, IOC is the largest retailer in the country. 

In the last few weeks, we have seen the fuel move in a tight range, and the stability has been broken by todays petrol price in Delhi increasing. 

Petrol prices steady on March 19

Petrol prices in the city of Delhi were steady as there is no change in the prices of the fuel over the weekend. The entire week has seen some good drop in the price of the fuel. Those looking to fill fuel before the weekend can look to fill in decent quantity as there could be a hike this week. 

We have already seen international crude prices rally to levels of $62, and this could have an impact on petrol prices in New Delhi in the coming days. 

Petrol price has largely hovered around levels of Rs 71 to 72 in the month of March and the steady trend of prices is not going to change. There was no change in todays petrol price in New Delhi as compared to the rates seen on March 18, 2018. I

Petrol prices in New Delhi lose ground

In what is perceived as good news for the consumer, petrol prices in New Delhi fell, as todays prices saw a decline by 11 paise. This is good news for those willing to fill their cars with petrol, though one must admit that petrol prices in the state of New Delhi are one of the lowest when compared to places like Bengaluru and Mumbai. 

Todays petrol rates in New Delhi was last seen at Rs 72.27, which could see a further decline in the coming days. The good news is that the shar drop in the last few days has come over the weekend. This is good for those willing to travel.  

 

Petrol price marginally up in New Delhi

Petrol prices in New Delhi inched up by 2 paise, as global crude oil prices have rallied. On March 13 the prices at the retail petrol pumps was placed at Rs 72.45 up 2 paise over the close of March 12, 2018. 

Petrol prices have moved in a very tight range over the last few days and in fact have closed almost flat. It is unlikely that we will see any dramatic move in the prices of petrol, unless we see some sharp movement in the prices of petrol in the global markets. In all probability rates in New Delhi may remain flat, though much would depend on the movement of the rupee against the dollar as well. 

Petrol price marginally high in Delhi

The current petrol price in Delhi was last seen at Rs. 68.40 per liter. The latest change in Delhi petrol price was on October 20, 2017, and it increased by 0.07 paise.
From the last two weeks, petrol price in Delhi has changed from Rs. 68.48 per liter to Rs. 68.40 per liter. We can see a small variation in the price in paisa only. According to the international market today crude prices which increased impacted Delhi petrol prices. Petrol rates in Delhi are always low, while other metro cities see a variation in state government tax as the central government tax is standard for all places.

Petrol prices steady in Delhi

Cues from the global crude oil market saw petrol prices in Delhi being stable. Petrol is one of the commodities that has an inelastic demand in Delhi. Petrol price in Delhi chnages daily, as against the earlier practice, where the change was reflected every 15 days. In the last few months, we have seen petrol prices increasing. Petrol price in Delhi in the month of the Aug end was Rs. 69.15 and in the month of Sept it was as Rs 70.66 per liter. After seeing a high price in Delhi, the central government of India announced to cut basic excise duty on petrol and diesel. After this announcement, the petrol price in Delhi has dropped to Rs. 2.50 per liter. In the beginning of Oct, the rates in Delhi was Rs.70.76 per liter, and it reduced to Rs.68.45 per liter.

Petrol prices in Delhi up a tad bit

Petrol prices in Delhi inched higher, as global prices for crude firmed. Prices of petrol in Delhi have a direct corelation with international crude prices, which are benchmarked to the international crude basket.

Prices of petrol in Delhi have now fallen to Rs 68.39 per litre. This was a marginal gain of 4 paise over the weekend. The government had recently reduced the excise duty on petrol, which made the prices of it more cheaper in Delhi. There was an almost Rs 2 drop in the price of excise. This was after petrol prices in several cities had rallied to a three year high. Taking complete cognizance of the fact, the government had reduced the prices of petrol. This is good news for consumers, which have been reeling under heavy increase.

Overall, prices may continue to see higher levels, if crude prices in the global marets inch higher. Some analysts see crude prices gaining in the coming days.

 

 

 

Petrol rates down in Delhi

The price mechanism of petroleum products in India is based on Trade Parity Pricing method. This system is mainly based upon the difference in import and export of crude oil from our country. Whatever the difference is, it is considered to be the net cost, calculated regarding per liter and then sold to all the states. Since all the states follow a different duty structure, the price of petroleum differs in every state in India. Mainly the presence of Excise and VAT tax influence the disparity in pricing. Since Delhi is a Union Territory, there exist no additional taxes as it is under the direct control of Central Government. The petrol price in Delhi is decided by the market forces, though central government, decides levies. The central government announced on Tuesday it has cut excise duty on petrol and diesel by Rs 2 a liter to tame rising inflation and to shield consumers from the surging price of auto fuels. The current petrol price in Delhi is 68.38 Rs/Ltr.

Petrol rates in Delhi steady

Petrol prices in India have two components, one is due to global crude oil prices, and one is due to taxes by the Indian government. More demand for petrol than supply.India is the 3rd highest oil importer, the cost of expenditure on oil imports are very high. That has lead to inflation. Also, the value of Indian rupees is decreasing in value to the US dollar. So, our Oil companies are paying more for the same quantity of crude oil. High demand for oil due to the huge population of India is the primary reason for an increase in the prices of oil. There are different reasons to increase the petrol prices in Delhi . The price of crude oil is set according to the oil-producing nations like the Gulf countries. From the past one week, the petrol prices in Delhi is slightly changed. The current petrol price in Delhi is Rs.70.47

OMCs may have to absorb petrol prices hikes

The government is looking at the possibility of asking oil marketing companies, more popularly known as OMCs to aborb any additional hike in petrol prices. In Delhi petrol prices have seen a very steep increase of almost Rs 7 in the last three months. This has not gone down well with consumers. This means that petrol rates in Delhi have now surged to the highest level in eight months and it is beginning to pinch the consumer. Earlier this year in June, the government dumped the practice of revising interest rates every fortnight as prices of the crude oil was very volatile. In line with petrol rates in Delhi, diesel prices to have surged, elevating the risk of inflation. While it was felt that the daily price revision may enable people absorb the shock, the current sharp increase is not good news for consumers.

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